Frankfurt, June 2 (Reuters)-
Mainland AG (CONG. DE)
Fifth in the world-
Japan's largest auto parts supplier has bought a 16% stake in lithium in Japan.
Enax, an ion battery manufacturer, agrees to develop automotive applications exclusively.
"According to our evaluation criteria, Enax provides the widest range of knowledgehow in high-
Performance lithium-
Ion cells on cell materials and cell design, "senior supervisor Karl-
Thomas Noyman said in a statement.
Founded in 1996, it is worth about $10.
Annual sales of 5 million, Enax in its 80-
R & D personnel, with a number of patents related to battery production, battery materials and safety technology. Lithium-
Ion batteries for hybrid and all-electric vehicles
Electric vehicles are seen by many in the automotive industry as the next technical barrier to zero
Emissions drive.